Unilever PLC (UL) To Go Ex-Dividend on August 7th

Unilever PLC (NYSE:UL – Get Free Report) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Friday, August 7th will be given a dividend of 0.5305 per share on Friday, September 18th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 7th.

Unilever has increased its dividend payment by an average of 0.2%annually over the last three years. Unilever has a dividend payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Unilever to earn $3.72 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 56.5%.

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Unilever Stock Up 0.5%

Shares of Unilever stock opened at $64.09 on Wednesday. Unilever has a 52 week low of $54.75 and a 52 week high of $74.97. The business’s fifty day simple moving average is $60.23 and its 200-day simple moving average is $62.31.

Hedge Funds Weigh In On Unilever

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UL. Elyxium Wealth LLC acquired a new stake in shares of Unilever in the fourth quarter valued at $25,000. Financial Life Planners acquired a new position in Unilever during the 1st quarter worth $25,000. Palisade Asset Management LLC acquired a new position in Unilever during the 3rd quarter worth $25,000. Bard Associates Inc. purchased a new stake in Unilever during the 4th quarter worth about $27,000. Finally, Whipplewood Advisors LLC acquired a new stake in Unilever in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Company Profile

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Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.

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